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Big Tech

Antitrust and Competition

Too Many Economists Are Using a Flawed Theory To Defend Dominant Platforms’ Self-Preferencing Practices

David J. Balan
Congress is currently considering two major bills that would regulate “self-preferencing” and related conduct by dominant digital platforms. Criticism of these bills...
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Big Tech

The Economics of Content Moderation on Social Media

Rafael Jiménez-Durán
Social media platforms have moderated user-generated content since their inception. Economics helps us understand why they do it and how to regulate...
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Antitrust and Competition

The Tech Barons’ Ideological Platter

Maurice E. Stucke, Ariel Ezrachi
Far from their self-promoted image as the world’s most innovative companies, the major tech platforms stifle plenty of innovation and invest in...
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Antitrust and Competition

How to Design Data Protection Laws That Actually Work 

Filippo Lancieri
More and more countries are passing data protection laws, yet empirical studies show that these laws rarely deliver on their promises. A...
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Antitrust and Competition

The Critiques Against the American Innovation and Choice Online Act Miss the Mark

Aaron Schur
In an opinion piece, Yelp’s general counsel Aaron Schur argues that recent criticisms against the bill, which the Senate is expected to...
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Antitrust and Competition

Two New Papers Suggest Antitrust Law is Not Equipped to Address Personalized Pricing and Algorithmic Cartels

Allen Grunes
Two recent articles by Michal Gal and Ramsi Woodcock look at pricing algorithms and consumer harm. Both identify potential nightmare scenarios and...
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Antitrust and Competition

Why Congress Should Pass the American Innovation and Choice Online Act

Fiona Scott Morton, Steven Salop, David Dinielli
The bill, which is the Senate is expected to vote on soon, would improve competition, increase innovation, benefit consumers, and provide the...
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Antitrust and Competition

Should the European Union Require Tech Firms to Adopt a Common Charger?

Federico Innocenti, Martin Peitz
According to a new European Commission directive expected to be approved in the next few months, tech firms will have to use...
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Antitrust and Competition

How Europe Can Enforce the Digital Markets Act Effectively 

Alexandre de Streel, Fiona Scott Morton, Jacques Crémer, Amelia Fletcher, Paul Heidhues, Giorgio Monti, Rupprecht Podszun, Monika Schnitzer
As the European Commission gets ready to embark on the complicated task of implementing the recently agreed-upon Digital Market Act, which would...
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Antitrust and Competition

DOJ Antitrust Head Jonathan Kanter: “We Are Making It Very Clear: We’re Going to Hold Individuals Accountable”

Guy Rolnik, Asher Schechter, Brooke Fox
In an interview with ProMarket, assistant attorney general Jonathan Kanter, head of the Department of Justice’s antitrust division, explains why he believes...
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Latest news

Development

Mobile Internet Is Changing Employment in Developing Countries, but Not Always as Expected

Pinelopi Koujianou Goldberg, Gaurav Chiplunkar
Scholars and policymakers have put much faith into the prospect of internet connectivity catalyzing development in low- and middle-income countries. In new...
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Fiscal Policy

Biden’s Second-Best Economic Agenda

Walter Frick
Efficiency is out and political economy is in. But what does that imply about making good policy?
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Monetary Policy

The Fed and Bank Failures

Raghuram Rajan, Viral V Acharya
Viral Acharya and Raghuram Rajan explain how quantitative easing contributed to the problems underlying the recent bank failures such as that of...
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Antitrust and Competition

Self-Preferencing Theories Need To Account for Exploitative Abuse

Patrice Bougette, Oliver Budzinski, Frédéric Marty
Patrice Bougette, Oliver Budzinski, and Frédéric Marty argue in their research that antitrust authorities on both sides of the Atlantic must take...
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Antitrust and Competition

Startup Acquisitions Have Undecided Effects on Innovation and Economic Growth

Christian Fons-Rosen, Pau Roldan-Blanco, Tom Schmitz
Startups are a major driver of innovation, but many startups are acquired by large incumbents. Do these acquisitions stifle innovation or promote...
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ESG & Corporate Governance

History Shows that Voluntary ESG Standards Lead to a More Focused ESG Disclosure

Ethan Rouen, Kunal Sachdeva, Aaron Yoon
In recent years, ESG reports have become more common for publicly traded companies. However, critics have found the information they provide to...
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Regulation

Letters that Matter: How Interest Groups Shape Financial Legislation

Renée Adams, Thomas Mosk
Members of Congress are inundated with an avalanche of correspondence on a daily basis. But what persuades them to heed the call?...
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ProMarket is dedicated to discussing how competition tends to be subverted by special interests. The posts represent the opinions of their writers, not necessarily those of the University of Chicago, the Booth School of Business, or its faculty. For more information, please visit ProMarket Policy.

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